Days Inventory is also known as Days Sales of Inventory (DSI). McDonald's's Average Total Inventories for the
three
months ended in Dec. 2023 was $50 Mil. McDonald's's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,752 Mil.
Hence, McDonald's's Days Inventory for the
three
months ended in Dec. 2023 was 1.66.
The historical rank and industry rank for McDonald's's Days Inventory or its related term are showing as below:
MCD'
s Days Inventory Range Over the Past 10 Years
Min: 1.71 Med: 1.94 Max: 2.51
Current: 1.71
During the past 13 years, McDonald's's highest Days Inventory was 2.51. The lowest was 1.71. And the median was 1.94.
MCD's Days Inventory is ranked better than 97.33% of 337
companies
in the Restaurants industry
Industry Median: 15.46
vs MCD: 1.71
McDonald's's Days Inventory
declined
from Dec. 2022 (1.73) to Dec. 2023 (1.66).
Inventory Turnover measures how fast the company turns over its inventory within a year.
McDonald's's Inventory Turnover for the
three
months ended in Dec. 2023 was 54.82.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
McDonald's's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.01.
McDonald's Days Inventory Historical Data
The historical data trend for McDonald's's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of McDonald's's Days Inventory
For the Restaurants subindustry, McDonald's's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
McDonald's's Days Inventory Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, McDonald's's Days Inventory distribution charts can be found below:
* The bar in red indicates where McDonald's's Days Inventory falls into.
McDonald's Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
McDonald's's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
McDonald's (NYSE:MCD) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
McDonald's's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
McDonald's's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
McDonald's Days Inventory Related Terms
Thank you for viewing the detailed overview of McDonald's's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
McDonald's is the largest restaurant owner-operator in the world, with 2022 system sales of $116 billion across more than 40,000 stores and 115 markets. McDonald's pioneered the franchise model, building its footprint through partnerships with independent restaurant franchisees and master franchise partners around the globe. The firm earns roughly 60% of its revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets.
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